This property looks like a bad Mid-Term investment with a projected -0.43% first-year return on $80,790 initial cash invested.
-0.43%
Cash On Cash
6.65%
Cap Rate
1.06
DSCR
$2,979
Rent
-$29
Cashflow
Cash Flow
$2,979 income − $3,008 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,979
Total Expenses
$3,008
Mortgage P&I
53%
$1,567
Property Taxes
11%
$324
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328